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EquityPandit’s Outlook for ICICI Bank for the week  (April 01, 2019 – April 05, 2019):

 

ICICIBANK

 

ICICI Bank Ltd.

BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS

Stock closed the week on optimistic note gaining +1.85%.

Week Higher: 400.00

Week Low: 383.50

Week Variety: 16.50

Technically on the everyday charts EquitPandit’s analyst see minor assistance on the downside for ICICIBANK at 380- 377 levels, whereas minor resistance on the upside is capped about 405-407levels.

If ICICIBANK breaches minor assistance on the downside and closes beneath it we might see fresh breakdown and stock might drag towards subsequent main assistance levels reduced side about 355- 360 if ICICIBANK breaches minor resistance levels on the upside and closes above it we might see fresh breakout and stock can head towards main resistance levels placed about 425- 435.

At present trend for the stock is bullish as stock trading above 200 days exponential moving averages. EquityPandit predicts ICICIBANK variety for the week is observed from 425- 435 on upside & 355-360 on downside.

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